Buffett's Sins of Omission

By

Paul Price

| May 9, 2013 | 9:30 AM EDT

What price can you put on loyalty? How about more than $600 million over a span of not quite eight-and-a-half years? What if you were playing with other people's money? Perhaps our own Doug Kass should have considered asking those questions at Berkshire Hathaway's (BRK.A, BRK.B) annual meeting last week.

The trade in question is the one that was never made, the sale of BRK's 1.728 million shares of Washington Post (WPO). Both major business units, newspapers and for-profit education, are in seriously impaired industries. Washington Post shares hit an all-time peak of $999.50 on Dec. 30, 2004. Berkshire's stake was worth more than $1.72 billion at the time....284 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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